S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  3265

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            January 23, 2009
                               ___________

Introduced  by  M.  of A. CHRISTENSEN, JOHN, CLARK, EDDINGTON, CARROZZA,
  DelMONTE,  MILLMAN,  SCHROEDER,  MAGNARELLI,  WRIGHT,  LIFTON,  GALEF,
  STIRPE,  PAULIN,  ESPAILLAT, N. RIVERA, PERRY -- Multi-Sponsored by --
  M. of A. ABBATE, BOYLAND, COLTON, DIAZ,  GOTTFRIED,  GREENE,  HEASTIE,
  HYER-SPENCER,  JAFFEE,  V. LOPEZ, LUPARDO, MAISEL, MAYERSOHN, PEOPLES,
  PHEFFER, REILLY, ROBINSON, SWEENEY, TOWNS -- read once and referred to
  the Committee on Higher Education

AN ACT to amend the education law, in relation  to  creating  the  child
  care professionals loan forgiveness incentive program

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 605 of the education law is amended by adding a new
subdivision 13 to read as follows:
  13. NEW YORK STATE CHILD CARE PROFESSIONALS LOAN FORGIVENESS INCENTIVE
PROGRAM. A. PURPOSE.  THE PRESIDENT SHALL GRANT STUDENT LOAN FORGIVENESS
AWARDS FOR THE PURPOSE OF INCREASING THE NUMBER OF  CHILD  CARE  PROFES-
SIONALS  EMPLOYED  IN  NEW  YORK  STATE.  SUCH AWARDS SHALL BE MADE ON A
COMPETITIVE BASIS TO APPLICANTS WHO HAVE GRADUATED FROM  AN  INSTITUTION
OF HIGHER EDUCATION APPROVED OR REGISTERED BY THE REGENTS.
  B.  ELIGIBILITY.  (1)  TO  BE ELIGIBLE TO RECEIVE AN AWARD PURSUANT TO
THIS SUBDIVISION, AN APPLICANT MUST BE A RESIDENT OF NEW YORK STATE  WHO
HAS  GRADUATED  FROM  AN  INSTITUTION  OF  HIGHER  EDUCATION  AND HAS AN
OUTSTANDING STUDENT LOAN DEBT.
  (2) SUCH AWARDS SHALL BE MADE ANNUALLY  TO  ELIGIBLE  APPLICANTS  WHO,
PRIOR TO ACCEPTING SUCH AWARDS, ENGAGED IN TWELVE MONTHS OF SERVICE AS A
CHILD  CARE PROFESSIONAL IN A CHILD DAY CARE FACILITY LICENSED OR REGIS-
TERED PURSUANT TO THE SOCIAL SERVICES LAW OR THE ADMINISTRATIVE CODE  OF
THE CITY OF NEW YORK AND SUCH AWARDS SHALL NOT EXCEED AN AMOUNT OF TWEN-
TY-FIVE  THOUSAND DOLLARS AND SHALL BE MADE TO SUCH APPLICANTS, PURSUANT
TO THE FOLLOWING SCHEDULE:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05520-01-9

              

A. 3265                             2

  (I) TWENTY PERCENT TO BE AWARDED UPON  THE  COMPLETION  OF  THE  FIRST
YEAR;
  (II)  THIRTY  PERCENT  TO BE AWARDED UPON THE COMPLETION OF THE SECOND
YEAR; AND
  (III) FIFTY PERCENT TO BE AWARDED UPON THE  COMPLETION  OF  THE  THIRD
YEAR.
  (3)  RECIPIENTS  OF  SUCH  AWARDS SHALL BE ELIGIBLE TO APPLY FOR OTHER
AWARDS ESTABLISHED UNDER THIS CHAPTER.
  C. DURATION. SUCH AWARDS SHALL BE MADE  ANNUALLY,  FOR  NO  MORE  THAN
THREE  YEARS,  TO  APPLICANTS WHO REMAIN ELIGIBLE UNDER THIS SUBDIVISION
AND WHO ARE CERTIFIED AS SUCH BY THE CORPORATION.
  D. AMOUNT. THE CORPORATION SHALL GRANT SUCH AWARDS WITHIN THE  AMOUNTS
APPROPRIATED  FOR SUCH PURPOSE AND BASED ON THE AVAILABILITY OF FUNDS IN
AN AMOUNT NOT TO EXCEED THE TOTAL COST OF THE COMPLETION OF SUCH  DEGREE
PROGRAMS.  COST  OF COMPLETION OF SUCH DEGREES SHALL INCLUDE: TUITION AT
AN INSTITUTION OF HIGHER EDUCATION APPROVED OR REGISTERED BY THE REGENTS
AND OTHER REQUIRED OR REASONABLE STUDENT FEES.
  S 2. This act shall take effect immediately.